Walmart, Microsoft and JPMorgan block NYSE-backed venture from tokenizing their shares

Walmart and 37 other companies have objected to third-party tokenized versions of their shares trading on OKXICE, the proposed round-the-clock stock tokens venue backed by the owner of the New York Stock Exchange. The objections show that a venue can earn trading fees while issuers weigh pricing risks and a limited window to object. The venue's Oct. 28 notice lists Walmart alongside Microsoft , Alphabet and JPMorgan among 38 objectors. OKXICE is owned equally by an Intercontinental Exchange subsidiary and OKC USA.